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European Natural Gas Prices Jump 30% on Mkt Disruptions Caused by Middle East Conflict
European natural gas prices once saw a surge of 30%, the largest weekly increase since the energy crisis. US natural gas futures also joined the rally, reaching a new high for the ...
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European Natural Gas Prices Jump 30% on Mkt Disruptions Caused by Middle East Conflict
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European natural gas prices once saw a surge of 30%, the largest weekly increase since the energy crisis. US natural gas futures also joined the rally, reaching a new high for the month.

Previously, major oil-producing countries in the Middle East announced production cuts as the situation in Iran intensified, pushing international oil prices past USD100 per barrel.

Related NewsRetail Sales MoM for Jan in United States is -0.2%, lower than the previous value of 0.0%. The forecast was -0.3%.
Rabobank energy strategist Florence Schmit said the market is slowly realizing the reality of long-term supply disruptions across the entire energy value chain, with current expectations that the supply disruption will last about three months.

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